1 week ago
Bitcoin token protocol BRC20 has taken a measurement toward enabling Ethereum-style astute contracts.
The Bitcoin token protocol has integrated Ethereum Virtual Machine (EVM) into its halfway logic arsenic of Bitcoin artifact 912,690, according to an announcement shared with CoinDesk connected Monday.
BRC20 is simply a token modular for issuing fungible tokens connected the Bitcoin blockchain via the Ordinals protocol, which allows information to beryllium inscribed connected idiosyncratic satoshis (the smallest denomination of BTC, equivalent to 1 100 millionth of a bitcoin).
EVM is the operating strategy connected Ethereum that allows the execution of astute contracts, making tokens programmable and removing the request for centralized governance.
The upgrade, dubbed BRC2.0, was executed by Ordinals developer Best successful Slot alongside BRC20's pseudonymous creator Domo.
"Bitcoin meta-protocols similar Ordinals, Runes and BRC20 tally connected indexers, which relation similar elemental calculators. We upgraded this 'calculator-style' indexer with EVM, making BRC20 Turing complete,” Best successful Slot CEO Eril Binari Ezerel said successful the announcement.
The advent of the Ordinals protocol astatine the commencement of 2023 provided overmuch of the impetus for consequent developments of greater inferior connected Bitcoin, such arsenic allowing astute declaration capabilities akin to those inherent to Ethereum and different networks.
“The beatified grail is combining the 2 golden standards: Bitcoin arsenic the astir decentralized and unafraid network, and the EVM arsenic the astir proven virtual machine," Domo said. "The purpose is to springiness users the Ethereum acquisition of composability and programmability, but secured by Bitcoin.”
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